XVG looks more like a Running Flat Correction. It looks like we might be in Wave 1 of the correction. Thoughts?
Guidelines
• A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three • Wave B of the 3-3-5 pattern terminates substantially beyond the starting level of wave A as in an expanded flat • Wave C fails travel the full distance, falling short of the level where wave A ended • Wave C needs to have momentum divergenc